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1963
• Western Kentucky State College Credit Union, Inc.
chartered with 29 members and $580.00.
• Product offerings included share accounts and loans.
1969-1975
• Minutes show name as Western Kentucky University
Credit
Union, Inc.
• First credit union employee, Sara Winstead, hired.
First
Security Officer, Virgil Hale, appointed.
• Credit Union moved from Grise Hall to Faculty House.
First
phone line installed.
• Certificates and revolving lines of credit offered.
• Joined the Kentucky Credit Union League.
December 31, 1975
Assets: $214,067.91
Members: 488
1976-1980
• Established membership in Kentucky Central Credit
Union
to borrow funds when necessary.
• Valerie C. Brown hired in 1978 as Manager. Leah J.
Eckley
hired as part-time bookkeeper in 1979.
• Product line expanded to include Holiday Club
Accounts,
Travelers’ Cheques, Money Orders and Share Drafts.
December 31, 1980
Assets: $707,388.20
Members: 1022
1981-1985
• Added IRA Accounts, ATM cards, Home Equity Loans,
Visa,
MasterCard, E.A.S.Y. Accounts, and Young Savers
Accounts.
• Field of Membership changed to include all WKU
employees
and employees of non-profit educational institutions.
• Went from manual bookkeeping to computerized system.
• Merged with United Teachers Federal Credit Union in
1982.
• Moved from WKU Faculty House to Garrett Conference
Center. Opened branch on Scottsville Road.
• Membership Fee raised to $5.00 from twenty-five cents.
December 31, 1985
Assets: $9,895,125.34
Members: 3973
1986-1990
• Expanded field of membership to include WKU alumni,
graduate
and undergraduate students, and Select Employee
Groups of Barren River Area Development District (BRADD).
• Built branch on Campbell Lane, 1987.
• Established a branch location in Glasgow, 1989.
• Offered Top-of-the-Class Club for members age 50 and
over.
December 31, 1990
Assets: $27,711,077.21
Members: 9106
1991-1995
• Introduced Home Improvement Loan Program, Phone-A-Loan,
Visa Gold Program, One Call Audio Response and
Risk-Priced Lending.
• Changed name to Service One Credit Union in June,
1992.
December 31, 1995
Assets: $41,657,594.38
Members: 16,090
1996-2003
• Offered Visa Credit Builder, Market Index IRA
Certificates
and E.L.V.I.S. Established “One Stop” Auto Indirect
Lending
Program.
• Launched web site. Joined Alliance One ATM Network.
Offered Virtual Branch. Mortgage referral service
provided.
• Opened fourth branch on the ByPass in 1999.
• Tested all systems’ processes for Y2K readiness.
Converted
to a new Computer System in 2000.
• Established a WKU scholarship endowment for members in
2001.
• Membership Par Value raised to $25.00 per member.
• Merged with Bowling Green Federal Employees Federal Credit Union in 2002.
December 31, 2003
Assets: $73,709,830
Members: 15,797
2004 - 2006
• Introduced the Secondary Market Mortgage Program in 2004.
• Opened new Campus Branch on 15th Street in 2005.
• Implemented the Overdraft Privilege Program.
• Added Virtual Bill Pay and other online options which include
viewing credit card transactions and cleared checks online.
• Introduced the Brown Knows Blog in 2006.
• Launched first commercial in March, 2006. [Windows Media] [Quicktime]
December 31, 2006
Assets: $77,643,772
Members: 14,387
2007- Present
• Made electronic statement delivery available in 2007.
• Completed the Campbell Lane "Green Addition" in 2009. Constructed with many Leadership in Energy and Environmental Design sustainability features.
• Upgraded to a new computer core processing system in 2010.
• Introduced Concept Green Checking E-Counts.
• Partnered with Sallie Mae® to offer The Smart Option Student Loan® program.
• Enhanced Visa® Platinum program by adding “Credit Card Alerts” and “Design Your Own Card” options in 2011.
December 31, 2010
Assets: $98,851,818
Members: 14,092
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